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Sarita Scherpereel & Michael Hall Facilitate $1.1 Multifamily Sale In Chicago

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SOLD
$1,100,000

Illinois

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MultiFamily
Sold 03/29/2024
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Property Image
SOLD

Sarita Scherpereel & Michael Hall Facilitate $1.1 Multifamily Sale In Chicago

1018 West Roscoe Street

See Similar Deals
MultiFamily
Sold 03/29/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multi-family property located at 1018 West Roscoe Street in Chicago was sold for $1,100,000. The property consists of three units, with each unit priced at approximately $366,667. The asset, situated in Lakeview, offers various amenities such as in-unit laundry, private decks, and parking spaces that are rented out through the SpotHero App.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 1018 West Roscoe Street
  • Market: Chicago
  • Units: 3
  • PPU: $366,667

Sarita Scherpereel from GC Realty and Development represented the buyer during the transaction, while Michael Hall from Baird & Warner acted as the seller's representative in the sale of the property.

Players

Sarita Scherpereel
5 deals$5.9M volume
BROKER

Michael Hall
Baird & Warner
8 deals$11.1M volume
BROKER

Details

SOLD
IMAGE: Michael Hall & Sarita Scherpereel DATE: 03/29/2024 ADDRESS: 1018 West Roscoe Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Sarita Scherpereel (@Saritasellschicago) - GC Realty and Development (@GCRealtyandDev) SELLER'S REP: Michael Hall (@MJHGroupChicago) - Baird & Warner (@BairdWarner) SALE PRICE: $1,100,000 UNITS: 3 ~ PPU: $366,667 NOTE: Sarita Scherpereel of GC Realty and Development represented the buyer in the purchase of a multi-family property located at 1018 West Roscoe Street in Chicago for $1,100,000, boasting a prime location in Lakeview with three units generating rental income approaching $100,000 per year, featuring favorable zoning and various amenities such as in-unit laundry, private decks, and parking spaces rented out via SpotHero App. Michael Hall of Baird & Warner acted as the seller's representative in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73